This was the defense of a banker – as seen in a BBC interview Monday 7th November. Later that day, the long-awaited St Paul’s Institute report on its survey of London-based bankers was published. In advance of this a decision was made to interview a young woman from within the profession to get her response to the suggestion that there was a lack of morality in the City of London. I was so staggered by some of her responses to this challenge that I felt bound to try to draw out the logical consequences of what she had said. What follows is exactly that.